Math Problem Statement

In a company, 10% of employees in their first five years earn 100.000 or more, and 20% of employees past their first year earn 100.000 or more. Overall, 13% of employees earn 100.000 or more. Determine the proportion of employees in their first five years.

Solution

Ask a new question for Free

By Image

Drop file here or Click Here to upload

Math Problem Analysis

Mathematical Concepts

Algebra
Linear Equations
Percentages

Formulas

Total percentage of high earners: 0.10x + 0.20(1 - x) = 0.13
Simplifying linear equation to solve for x

Theorems

Linear equation solving techniques

Suitable Grade Level

Grades 9-12